{"id":754,"date":"2022-11-01T07:13:30","date_gmt":"2022-11-01T04:13:30","guid":{"rendered":"https:\/\/xxbet-company.com\/ebci-holdings-partners-with-revolutionary-racing-on-55m-kentucky-track\/"},"modified":"2022-11-01T07:13:30","modified_gmt":"2022-11-01T04:13:30","slug":"ebci-holdings-partners-with-revolutionary-racing-on-55m-kentucky-track","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/de\/ebci-holdings-partners-with-revolutionary-racing-on-55m-kentucky-track\/","title":{"rendered":"EBCI Holdings Partners with Revolutionary Racing on $55M Kentucky Track"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Inhaltsverzeichnis<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/de\/ebci-holdings-partners-with-revolutionary-racing-on-55m-kentucky-track\/#Latest_Investment_for_EBCI\" title=\"Latest Investment for EBCI\">Latest Investment for EBCI<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/de\/ebci-holdings-partners-with-revolutionary-racing-on-55m-kentucky-track\/#Quarter_Horse_Racing_Starts_Next_Year\" title=\"Quarter Horse Racing Starts Next Year\">Quarter Horse Racing Starts Next Year<\/a><\/li><\/ul><\/nav><\/div>\n<p class=\"NewNormal\">The Eastern Band of Cherokee Indians (EBCI) continues to diversify its gaming portfolio. This time, the North Carolina-based tribe is heading to Kentucky, where it will be a significant partner in Revolutionary Racing\u2019s $55 million quarter horse racing complex.<\/p>\n<figure aria-describedby=\"caption-attachment-240228\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.casino.org\/news\/ebci-holdings-partners-with-revolutionary-racing-on-55m-kentucky-track\/rrky4_crop\/\" rel=\"attachment wp-att-240228 nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" class=\"wp-image-240228 lazyload\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/RRKY4_crop-142x95.jpg\" data-src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/RRKY4_crop-142x95.jpg\" alt=\"RRKY\" width=\"1200\" height=\"800\" data-srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/RRKY4_crop-scaled.jpg 2560w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/RRKY4_crop-142x95.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/RRKY4_crop-1024x683.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/RRKY4_crop-768x512.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/RRKY4_crop-1536x1024.jpg 1536w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/RRKY4_crop-2048x1365.jpg 2048w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/RRKY4_crop-600x400.jpg 600w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" data- title=\"\"><img loading=\"lazy\" class=\"wp-image-240228\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/RRKY4_crop-scaled.jpg\" alt=\"RRKY\" width=\"1200\" height=\"800\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/RRKY4_crop-scaled.jpg 2560w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/RRKY4_crop-142x95.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/RRKY4_crop-1024x683.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/RRKY4_crop-768x512.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/RRKY4_crop-1536x1024.jpg 1536w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/RRKY4_crop-2048x1365.jpg 2048w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/RRKY4_crop-600x400.jpg 600w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><\/a><figcaption class=\"text-description\">Eastern Band of Cherokee Indians Principal Chief Richard Sneed (fourth from left) and Kentucky Gov. Andy Beshear (third from left) are among the individuals breaking ground on Revolutionary Racing\u2019s quarter horse track in Ashland, Ky., on Friday. EBCI Holdings is a 49% stakeholder in the $55 million project. (Image: Coady Photography)<\/figcaption><\/figure>\n<p class=\"NewNormal\">EBCI Principal Chief Richard Sneed joined with officials from <a href=\"https:\/\/www.casino.org\/news\/kentucky-awards-license-for-revolutionary-racings-55m-quarter-horse-track\/\" rel=\"nofollow noopener\" target=\"_blank\">Revolutionary Racing<\/a> and Keeneland \u2013 another strategic partner in the development \u2013 along with state and local officials in Ashland, Ky., Friday to break ground on the project.<\/p>\n<p class=\"NewNormal\">The development, which will include slot-like historical horse racing (HHR) machines, will help fill a couple of areas of opportunity in Kentucky\u2019s gaming market.<\/p>\n<div class=\"callout\">\n<p class=\"NewNormal\">Even though it\u2019s one of the top states for horse racing, Kentucky doesn\u2019t currently have a quarter-horse facility. Ashland is also part of the Huntington, W.Va., metro area, which has a population of more than 360K people in West Virginia, Kentucky, and Ohio. The closest casino is the Mardi Gras Casino and Resort in Cross Lanes, W.Va, which is about an hour away. The closest HHR parlor is in Lexington, roughly two-and-a-half hours away.<\/p>\n<\/div>\n<p class=\"NewNormal\">Besides the track and the HHR parlor, Revolutionary Racing\u2019s Ashland development will also include an equestrian center for horse shows. In all, the project is expected to create more than 200 full-time jobs.<\/p>\n<p class=\"NewNormal\">\u201cWe are excited about what this means to the people of Eastern Kentucky,\u201d Revolutionary Racing Kentucky Chairman Larry Lucas said. \u201cThis investment will create jobs, bring in new tax revenues, and make Boyd County a destination for horse owners and racing fans from around the country.\u201d<\/p>\n<h2 class=\"NewNormal\"><span class=\"ez-toc-section\" id=\"Latest_Investment_for_EBCI\"><\/span>Latest Investment for EBCI<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"NewNormal\">The EBCI is investing in Revolutionary Racing Kentucky through its commercial gaming division, EBCI Holdings.<\/p>\n<p class=\"NewNormal\">On Monday, the Kentucky Horse Racing Commission (KHRC) approved EBCI Holdings taking a 49% stake in the project.<\/p>\n<blockquote class=\"main-blockquote\">\n<p class=\"NewNormal\"><strong>We couldn\u2019t have found a better group to partner with or a better project to support,\u201d<\/strong> said Richard Sneed, EBCI Principal Chief. <strong>\u201cWe have a long-term commitment to community reinvestment and providing best-in-class entertainment offerings to underserved markets. This world-class project aligns perfectly with that commitment.\u201d<\/strong><\/p>\n<\/blockquote>\n<p class=\"NewNormal\">The tribal nation established EBCI Holdings two years ago as a way to shore up its gaming revenues. It has two casinos on land the tribe owns in western North Carolina. But tribal leaders were concerned that a casino under development by the Catawba Nation in Kings Mountain, NC, would impact their business.<\/p>\n<p class=\"NewNormal\">EBCI Holdings purchased Caesars Southern Indiana from Caesars Entertainment in December 2020 for $250 million. It also purchased a stake in Caesars\u2019 casino under construction in Danville, Va. In addition, EBCI Holdings has established a <a href=\"https:\/\/www.casino.org\/news\/ebci-holdings-gets-council-approval-to-launch-10m-gaming-tech-incubator-fund\/\" rel=\"nofollow noopener\" target=\"_blank\">$10 million gaming tech incubator fund<\/a>.<\/p>\n<h2 class=\"NewNormal\"><span class=\"ez-toc-section\" id=\"Quarter_Horse_Racing_Starts_Next_Year\"><\/span>Quarter Horse Racing Starts Next Year<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"NewNormal\">With construction underway, Revolutionary Racing plans to be ready to race on its 660-yard sprint track in Ashland in 2024. Daily purses at the track are expected to be up to $500,000, which means it will offer some of the most lucrative races in the sport.<\/p>\n<p class=\"NewNormal\">But quarter horse racing will take place in Kentucky next year at The Red Mile. The Lexington harness track will host Revolutionary Racing\u2019s 2023 meet beginning in April. Those dates were approved at Monday\u2019s KHRC meeting in Lexington.<\/p>\n<p>The post <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\/ebci-holdings-partners-with-revolutionary-racing-on-55m-kentucky-track\/\" target=\"_blank\">EBCI Holdings Partners with Revolutionary Racing on $55M Kentucky Track<\/a> appeared first on <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The Eastern Band of Cherokee Indians (EBCI) continues to diversify its gaming portfolio. This time, the North Carolina-based tribe is heading to Kentucky, where it will be a significant partner in Revolutionary Racing\u2019s $55 million quarter horse racing complex. Eastern Band of Cherokee Indians Principal Chief Richard Sneed (fourth from left) and Kentucky Gov. Andy <a href=\"https:\/\/xxbet-company.com\/de\/ebci-holdings-partners-with-revolutionary-racing-on-55m-kentucky-track\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/posts\/754"}],"collection":[{"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/comments?post=754"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/posts\/754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/media\/755"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/media?parent=754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/categories?post=754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/de\/wp-json\/wp\/v2\/tags?post=754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}